Osmoses Secures $11M to Decarbonize Projected $35B Industrial Gas Separation Market with Novel Membrane Technology
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Tuesday, October 3, 2023
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Osmoses will use the funding to develop commercial scale membrane modules for field deployment and establish pilot partnerships.
Key Points:
- Osmoses will use the funding to develop commercial scale membrane modules for field deployment and establish pilot partnerships.
- Today’s industrial separation processes, including cryogenic processes, distillation, and solvent absorption, account for 15% of the world’s energy consumption .
- CO2 emissions from energy combustion and industrial processes accounted for 89% of energy-related greenhouse gas emissions in 2022.
- Osmoses can also power profitable hybrid separation system designs for low feed concentrations such as those in hydrogen de-blending and helium recovery.